Forrest Gump Explains Mortgage Backed Securities.

 Forrest Gump Explains Mortgage Backed Securities.
by bahram9821

Mortgage Backed Securities are like boxes of chocolates. Criminals on Wall Street stole a few chocolates from the boxes and replaced them with turds. Their criminal buddies at Standard & Poor rated these boxes AAA Investment Grade chocolates. These boxes were then sold all over  the world to investors. Eventually somebody bites into a turd and discovers the crime. Suddenly nobody trusts American chocolates anymore worldwide.

Hank Paulson now wants the American taxpayers to buy up and hold all these boxes of turd-infested chocolates for $700 billion dollars until the market for turds returns  to normal. Meanwhile, Hank's buddies, the Wall Street criminals who stole all the good chocolates are not being investigated, arrested, or indicted.

Mama always said: 'Sniff the chocolates first Forrest'.


more from bahram9821

Very great observation

by Souri on

and a lovely humour. Thank you so much Bahram jan. I really enjoyed


Arash Monzavi-Kia

Oderless turd

by Arash Monzavi-Kia on

Bahram jaan - nice post, but my banker friend says that those choc-turds are so oderless that even the 'smart' investors couldn't tell, till it gave them the diarrehea. 

Arash M-K


I will sniff for sure

by bahram9821 on

Bajenaghe aziz

I received this article from one of my friends in the Mortgage business. After reading it, I will definitely sniff the chocolate before eating it lol.

bajenaghe naghi

bahram jan

by bajenaghe naghi on

that was lovely. thank you for making it so simple for me to undersatnd. and i better sniff the chocolate bars before selling them to my customers.